Zions Bancorporation
Zions Bancorporation, also known as Zions Bank, is a prominent financial institution headquartered in the United States. Founded in 1873, the bank has established a strong presence across the western U.S., particularly in states like Utah, Idaho, and Arizona. Operating within the banking and financial services industry, Zions Bancorporation offers a diverse range of products, including commercial and consumer banking, wealth management, and treasury services. Renowned for its commitment to customer service and community engagement, Zions Bank has achieved significant milestones, including its expansion into various markets and the development of innovative financial solutions. With a solid market position, Zions Bancorporation continues to be a trusted partner for individuals and businesses, providing tailored financial services that meet the unique needs of its clients.
DitchCarbon Score
How does Zions Bancorporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Zions Bancorporation's score of 28 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zions Bancorporation's reported carbon emissions
In 2023, Zions Bancorporation reported total carbon emissions of approximately 21,305,000 kg CO2e. This figure includes 1,689,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 16,106,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Additionally, the bank's Scope 3 emissions, primarily from business travel, amounted to about 3,510,000 kg CO2e. Despite the significant emissions reported, Zions Bancorporation has not established specific reduction targets or initiatives as part of their climate commitments. There are no disclosed science-based targets (SBTi) or other formal reduction initiatives noted in their recent reports. The absence of such commitments may reflect a broader industry context where financial institutions are increasingly scrutinised for their environmental impact and sustainability practices. Zions Bancorporation's emissions data is not cascaded from any parent organisation, indicating that the reported figures are solely from their own operations. The bank's commitment to addressing climate change remains unclear, as no specific pledges or initiatives have been outlined in their disclosures.
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| 2023 | |
|---|---|
| Scope 1 | 1,689,000 |
| Scope 2 | 16,106,000 |
| Scope 3 | 3,510,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Zions Bancorporation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
